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OMV Group Report January – September and Q3 2016
“OMV continues to deliver on its strategic targets. We further optimized our portfolio by selling a 49% stake in Gas Connect Austria, the gas transportation business. This will bring us sales proceeds of EUR 601 mn at closing in Q4…
Reports: China To Spend $174bn On Wind And Hydro By 2020
China has unveiled plans to spend at least 1.2tr yuan ($174bn) on wind and hydro power over the next five years as it doubles down on efforts to green its energy system. Documents released by the National Energy Administration (NEA)…
French nuclear power in ‘worst situation ever’, says former EDF director
In the week Britain exports electricity to France for first time in four years, Gérard Magnin says renewable power will match Hinkley Point C on cost. Gérard Magnin, who called Hinkley “very risky” when he resigned as a board member…
Researchers Retract Study Suggesting Pro-Nuclear Countries Lag On Clean Energy
Researchers from the University of Sussex and the Vienna School of International Studies have retracted a controversial study published this summer which suggested pro-nuclear countries have been slower to embrace renewable energy than their nuclear-free counterparts. The study, which was…
Unique Engineering Feat Concluded as Chernobyl Arch Has Reached Resting Place
A ceremony in Chernobyl today marked the successful conclusion of the sliding operation, a key milestone before the finalization of the international programme to transform Chernobyl into an environmentally safe and secure state by November 2017. Thirty years after the…
Japan Fukushima Nuclear Plant ‘Clean-Up Costs Double’
Japan’s government estimates the cost of cleaning up radioactive contamination and compensating victims of the 2011 Fukushima nuclear disaster has more than doubled, reports say. The latest estimate from the trade ministry put the expected cost at some 20 trillion…
Is Small-Scale Hydro the Answer To India’s Clean Energy Needs?
In the western Himalayas, the entire village of Hamal is powered by a small hydroelectric plant on the edge of the Shalvi river. Producing 2MW per hour, the plant provides enough power to light up 100 homes at a time,…